questionText: To ask the Chancellor of the Exchequer, what measures his Department has in place to protect investors from the promotion of unregulated collective investment schemes; and what penalties or enforcement action is being pursued against those found promoting
answerText: The UK’s financial promotions regime, underpinned by Section 21 and Section 238 of the Financial Services and Markets Act 2000 (FSMA), seeks to ensure that consumers are provided with clear and accurate information that enables them to make appropriate de...
heading: Collective Investment Schemes: Regulation